Man Group (LON:EMG) Shares Cross Above 200-Day Moving Average – Time to Sell?

Man Group Plc (LON:EMG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 211.33 and traded as high as GBX 273.20. Man Group shares last traded at GBX 269.40, with a volume of 1,964,584 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their target price on Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a research note on Friday, November 14th. Jefferies Financial Group raised their price target on shares of Man Group from GBX 240 to GBX 280 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Citigroup lifted their price objective on shares of Man Group from GBX 190 to GBX 275 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 253.50.

Man Group Stock Performance

The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. The company has a market cap of £2.93 billion, a PE ratio of 16.73, a P/E/G ratio of -1.15 and a beta of 0.71. The firm’s 50-day simple moving average is GBX 253.96 and its two-hundred day simple moving average is GBX 211.33.

About Man Group

With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers’ capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.